in Höhe von
Tatsächlich verlangsamte sich die Konjunktur gerade, als Bush sein Amt antrat, aber er übernahm auch einen enormen Steuerüberschuss in Höhe von 2 % des BIP, den er in ein klaffendes Defizit von 4,5 % des BIP verwandelte.
True, the economy was slowing when Bush took office, but he also inherited an enormous fiscal surplus, amounting to 2% of GDP, which he transformed into a yawning deficit, equaling 4.5% of GDP.
Der Prozess setzte sich über Jahre hinweg fort und gipfelte in einem Crash, der zur Zerstörung von Vermögen in Höhe von mehreren Billionen Dollar führte.
The process continued for years, culminating in a crash that caused wealth destruction amounting to trillions of dollars.
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